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Recommended for you Facebook Twitter Google+LinkedInPinterestWhatsApp Related Items:bahamas, business, inspection, ministry of finance, vat, warning Facebook Twitter Google+LinkedInPinterestWhatsAppNassau, 08 Jan 2014 – The government of the Bahamas is warning business owners to explain themselves and the new Value Added Tax better to consumers. The Ministry of Finance today issued warning in letters to those companies not displaying the VAT inclusive price to the customer and says, if there is still resistance to the warning then there will be fines leveled against these businesses. Bahamians are adjusting and in some cases not so well to the added 7.5% they are expected to pay for products and services with the January 1st, 2015 implementation of this new tax regime.It is the first time for VAT in The Bahamas and the concerns have been varied but widespread; even the threat of losing some tourism business is looming. Nonetheless, government forged ahead with the program and rejuvenated its Price Control Agency to watch for price gouging.In a statement earlier today, the VAT Department explained it is doing its part to protect consumers and shared that there are already warning letters out for registrants who may be making incorrect calculations. Consumers are entitled to refunds if the amounts identified as “tax” or “VAT” exceed 7.5%. In addition, retail businesses are not allowed to disclose as taxes, charges that are not VAT. Add to this, companies incomplete their registration process are advised not to be caught collecting VAT.One gouger jumped as high as 17.5% on the cost of movie tickets.The Department’s advice to consumers: “…challenge assertions which convey impressions that VAT is a significant cost for registered business. The tax is directly borne by consumers. When paid by the VAT registrant it is recoverable as credits.”From The Bahamas, Deandrea Hamilton reporting for One Caribbean News. Bahamian music legend gunned down at home in Turks and Caicos Bi-lateral talks with Bahamas to resume, UK gives green light to high-level TCI delegation Hurricane Jose Not A Threat to The Bahamas, For Nowread more

Leicester City manager Claude Puel rues his side’s wasted opportunities but says they will learn from their 2-0 home defeat to Tottenham Hotspur.Son Heung-Min scored a stunning goal in added time of an even first half, and Dele Alli secured the victory for Spurs in the second half with a diving header.“It was a disappointment because we started very well in this game with intensity, quality, and good structure,” Puel told the club’s website.“We defended very well against this team and after our good ball recovery we tried to take the space, we had good opportunities but we wasted a lot of good moves without the precision, without being clinical with the right pass in the right moment.Maguire says United need to build on today’s win George Patchias – September 14, 2019 Harry Maguire wants his United teammates to build on the victory over Leicester City.During the summer, Harry Maguire was referred to as the ultimate…“It was a shame because our togetherness, understanding, and mentality were fantastic today. After, we regret also our first goal that was conceded in extra-time before half-time.“It was harsh because I think it was a strong first half and after the second goal it was difficult to come back in the game. We tried at the end to push, we took risks to put offensive players on the pitch and there were some good moves and chances.“I was happy about our mentality and desire and we tried to play also but we lacked composure with the ball and under pressure, we could have had other opportunities.”read more

Share Government cargo planes flew in supplies and troops began distributing boxes of food to jittery survivors of an earthquake that destroyed a large part of Juchitan and killed at least 37 people here, even as officials on Sunday raised the nationwide death toll to 90.Drone footage shows rescue efforts in the Mexican city of Juchitan, which was devastated by a powerful 8.1-magnitude earthquake pic.twitter.com/FS3Ktn8xz4— AFP news agency (@AFP) September 10, 2017Some people continued to sleep outside, fearful of more collapses, as strong aftershocks continued to rattle the town, including a magnitude 5.2 jolt early Sunday. Some prompted rescue workers to pause in their labor.Local officials said they had counted nearly 800 aftershocks of all sizes since late Thursday’s big quake, and the U.S. Geological Survey counted nearly 60 with a magnitude of 4.5 or greater.Teams of soldiers and federal police armed with shovels and sledgehammers fanned out across neighborhoods in Juchitan to help demolish damaged buildings. Dump trucks choked some narrow streets as they began hauling away the many tons of rubble.Maria de Lourdes Quintana Lopez said she couldn’t wait for the government’s assistance as she oversaw the demolition of her family candy business’ warehouse.“We have to work so that we’re not overcome with sadness,” Quintana said. “We’re not going to wait for the government to do what it has to do.”The 8.1 magnitude earthquake claimed 65 lives in Mexico, but nowhere more than Juchitan.Juchitan city government officials say more than 1,000 homes and hundreds of businesses were destroyed by the 8.1 earthquake. @cgtnamerica pic.twitter.com/6mz4mfjnIE— Franc Contreras (@FrancMex) September 9, 2017There were so many deaths that slow-moving funeral processions caused temporary gridlock at intersections as they converged on the city’s cemeteries.Scenes of mourning were repeated over and over again in Juchitan, where a third of the city’s homes collapsed or were uninhabitable, President Enrique Pena Nieto said late Friday. Part of the city hall collapsed.On the outskirts of the city, the general hospital settled into its temporary home — a school gymnasium with gurneys parked atop the basketball court. The earthquake rendered the hospital itself uninhabitable, so the gym contained a mix of patients that pre-dated the quake and those who suffered injuries as a result of it.Maria Teresa Sales Alvarez said it was “chaos” when the earthquake struck the single-story hospital, but staff moved patients outside and transferred most of those who required specialized care to other facilities.Selma Santiago Jimenez waved flies away from her husband and mopped his brow while he awaited transfer for surgery. He suffered injuries in a motorcycle accident before the earthquake. Windows broke and doors fell in the hospital, but staff quickly helped get her husband out, she said.Gov. Alejandro Murat said Sunday that the death toll in his state had risen to 71. Officials have reported 19 killed in neighboring states. Two others died in a mudslide in the Gulf coast state of Veracruz after Hurricane Katia hit late Friday.Pena Nieto said authorities were working to re-establish supplies of water and food and provide medical attention to those who need it. He vowed the government would help rebuild.At the local fairgrounds in Juchitan, about two dozen residents of a central neighborhood gathered at the gates to what the military was using as a staging ground.They came to complain that aid packages that the military started distributing Saturday had not arrived to many families. An army captain pleaded for patience, but ultimately agreed to take two pickups full of packages and water to their neighborhood.It wasn’t enough to satisfy all the residents who mobbed the trucks, but the captain promised soldiers would continue canvassing the city street by street.read more

If you find it hard to stick to strict fasting, don’t worry. Following for just five days in three months a diet that mimics fasting can help you lose fat, get smarter and live longer, says a study.The three-tiered study on periodic fasting’s effects was published in the journal Cell Metabolism.Cycles of a four-day low-calorie diet that mimics fasting (FMD) cut visceral belly fat and elevated the number of progenitor and stem cells in several organs of old mice — including the brain, where it boosted neural regeneration and improved learning and memory. Also Read – ‘Playing Jojo was emotionally exhausting’In the pilot human trial, three cycles of a similar diet given to 19 participants once a month for five days decreased risk factors and biomarkers for ageing, diabetes, cardiovascular disease and cancer with no major adverse side effects, said study author Valter Longo, professor at University of Southern California Davis School of Gerontology in the US.”Strict fasting is hard for people to stick to and it can also be dangerous, so we developed a complex diet that triggers the same effects in the body,” Longo said. Also Read – Leslie doing new comedy special with NetflixThe diet slashed the individual’s caloric intake down to 34 to 54 percent of normal, with a specific composition of proteins, carbohydrates, fats and micronutrients.It decreased amounts of the hormone IGFBP-I, which is required during development to grow, but it is a promoter of ageing and has been linked to cancer susceptibility.It also increased the amount of the hormone IGFBP and reduced biomarkers/risk factors linked to diabetes and cardiovascular disease, including glucose, trunk fat and C-reactive protein without negatively affecting muscle and bone mass. For 25 days a month, study participants went back to their regular eating habits — good or bad — once they finished the treatment.They were not asked to change their diet and still saw positive changes, the study said.Longo believes that for most normal people, the FMD can be done every three to six months, depending on the abdominal circumference and health status.read more